Under attack for inability to control surging food prices, especially onions, Finance Minister Pranab Mukherjee has written a letter to state chief ministers asking them to crack down on hoarders to ensure increase in supply of essential items.
The long meeting between President Pranab and the PM comes amid a heightened threat perception that the UPA government may not be able to complete its term, says Renu Mittal
Finance Minister Pranab Mukherjee and other finance ministry officials have reached the last leg of pre-Budget consultations.
Attorney General G E Vahanvati on Wednesday told a Delhi court that former Telecom Minister A Raja's letter to the prime minister regarding the DoT's policy to be adopted for 2G spectrum allocation was not based on discussion with him and the then External Affairs Minister Pranab Mukherjee.
In the wake of Citibank fraud and other scams, Finance Minister Pranab Mukherjee on Tuesday cautioned against 'window dressing' by accounting firms and called for stricter disclosure guidelines.
'We are not corrupt like the CPM and BJP. The BJP is thoroughly corrupt but somehow you don't write about the BJP and CPM.' Parliamentary Affairs Minister Vayalar Ravi speaks out.
Finance Minister Pranab Mukherjee said this while presenting the Union Budget in the Parliament on Friday.
Finance Minister Pranab Mukherjee had earlier given a tax holiday to the Railways till December 31. Banerjee now wants the tax relief extended to March 31.
Dismissing the Opposition charge that Prime Minister Manmohan Singh was "weak", Union Finance Minister Pranab Mukherjee has asserted he was "very much alert and proactive" to all issues including corruption.
Congress MP Abhijit Mukherjee, son of President Pranab Mukherjee, has called on Rashtriya Janata Dal supremo Lalu Prasad Yadav in jail.
Factory output, as measured by the Index of Industrial Production, contracted in March to a five-year low of 3.5 per cent.
Releasing the book Icons of Pune, which profiles young entrepreneurs from the city, Mukherjee said the city was country's economic hub, with an expanding automobile and IT sectors.
The funding will help developmental works in Nepal.
The minister blamed ground realities like lack of majority of ruling party toward the failure of finally signing the Teesta water sharing deal.
Tax experts said as a result of the amendments, companies operating from countries with which India didn't have DTAAs, would try to shift to countries with which India had such agreements, including Mauritius.
Informing the Parliament about this, Finance Minister Pranab Mukherjee, however, said the panic button should not be pressed.
Corporate America has showered kudos on Finance Minister Pranab Mukherjee for his latest Budget, describing it as a 'very forward-looking confident budget'.
A new series of coins will be unveiled soon carrying the Rupee symbol, Finance Minister Pranab Mukherjee announced in the Budget.
The visit comes in the backdrop of failure of parleys between the Maoist rebels and the ruling Seven-Party Alliance in Nepal on key issues.
Neerja Chowdhury explains why the government was soft where it could have been tough. And tough where it could have demonstrated more patience
Neerja Chowdhury explains why the government was soft where it could have been tough. And tough where it could have demonstrated more patience
Prime Minister Manmohan Singh on Sunday approved the interim general budget which will be presented in the Lok Sabha by External Affairs Minister Pranab Mukherjee on Monday. Singh went through the interim budget related papers and after formally signing them, forwarded them to President Pratibha Patil, a Prime Minister's Office spokesman said."The Prime Minister also approved the interim budget speech," the spokesman added.
India and Bangladesh on Monday signed two agreements to further cement their trade and investment ties as External Affairs Minister Pranab Mukherjee hailed the recent upward swing in bilateral relations.
He further said that advanced tax collection and industrial production at 17.6 per cent in the month of March are very positive and encouraging.
While maintaining that merit and not nationality should guide selection of the new International Monetary Fund chief, India will in all likelihood support French Finance Minister Christine Lagarde for the job.
To check price rise, the government is importing some of the commodities to bridge the supply-demand gap and strengthening mechanism for providing subsidised items to poor, finance minister Pranab Mukherjee said on Wednesday.
Mukherjee's statement comes in the backdrop of a sharp decline in Indian stock markets.
He reminded the officials that it was because of increased tax buoyancy and collection efforts of Revenue departments that the government was able to waive off the loans to farmers amounting to Rs 71,000 crore (Rs 710 billion).
Finance Minister Pranab Mukherjee on Wednesday warned of greater sophistication in economic crimes and of its growing threat to national security.
Prime Minister Manmohan Singh on Saturday declined to disclose who will be Finance Minister Pranab Mukherjee's successor and whether the United Progressive Alliance government will have new partners. "I have been churning it in my mind," said Dr Singh when asked whether he has thought of Mukherjee's successor after his nomination as UPA's candidate for the Presidential elections.
The deadlock over the 2G spectrum scam continued when the opposition rejected the government's offer of a probe by the Public Accounts Committee into the scam. Finance minister Pranab Mukherjhee had called for a luncheon meet on Monday afternoon to try and break the dealock which has paralysed parliamentary for the past eight days, where the opposition's repeated call for a Joint Parliamentary Committee has not allowed any business to be transacted in either house.
Expressing "serious concern" over the generation and circulation of black money, Finance Minister Pranab Mukherjee today said the government has adopted a five-fold strategy to deal with the menace.
Officials said Mukherjee had proposed the name of Modi for the post, as an experienced person like him could have helped convince BJP-ruled states to move ahead on the Goods & Services Tax (GST).
In an interesting development, Finance Minister Pranab Mukherjee who is very much in the news these days would be travelling by a special plane to Udaipur, Rajsamand and Nathdwara temple in Rajasthan, accompanied by Union Road and Transport Minister C P Joshi for a one-day trip to the state on Saturday.
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